The International Monetary Fund (IMF) upgraded the expectations of India’s growth to 6.4% in 2025-26 and 2026-27 compared to what predicted in April. | Photo Credit: Getty Images/Istockphoto
The International Monetary Fund (IMF) upgraded the expectations of India’s growth to 6.4% in 2025-26 and 2026-27 compared to what predicted in April. The growth upgrade of 0.2 percentage points and 0.1 percentage points is in line with upgrading for global growth.
July 29, the World Economic outlook updated on July 29, upgraded its prognosis of global growth to 3% for 2025 and 3.1% in 2026, 0.2 percent and 0.1 percentage point higher than the Weo.
“This reflects stronger than expected front loads in anticipation of higher tariffs, lower average efficient rates of US tariffs than announced in April, improving financial conditions, including a weaker US dollar, and fiscal expansion in some major jurisdictions,” the report said.
However, the report also noted that although the July forecast for global growth is higher than in April, it is still lower than 3.3% growth, which was observed in 2024 and the pandemic historical average before the COVID-19.7%.
“In India, growth in 2025 and 2026 is expected to be 6.4%, with both numbers revised slightly, reflecting a more benign external environment than expected in the April reference forecast,” the report said.
Published – 29 July 2025 06:50
